Public blockchain network Terra has confirmed an ongoing scam attack via an official governance poll on Mirror, an in-house synthetic assets protocol. According to Mirror, the attacker launched a public poll on Mirror’s official website, which proposes a freeze on the community pool in case of a scam. NEW MIRROR POLL! ALERT: Poll 211 is SCAM -- sending 25,000,000 MIR to itself ... #vote on 212: https://t.co/FH6RqTbJ2j $MIR $LUNA #terra — Mirror Polls (@mirror_polls) December 25, 2021 According to Poll ID: 211, named “Freeze the community pool in case of scam”, the scammer proposes an upgrade of safer community governance …

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. When trying to examine the nonfungible token (NFT) economy as it has been shaping in recent months, two main trends can be discerned. On the one hand, a completely new market that allows various artists to join a new creator economy — the creators of Bored Ape Yacht Club, various types of pixel art creators and creative flickers such as the creator of long-necked …

Telegram co-founder and CEO Pavel Durov has expressed excitement about the Telegram Open Network (TON) technology still developing after Telegram officially abandoned the project last year. “I'm proud that the technology we created is alive and evolving. When it comes to scalability and speed, TON is still years ahead of everything else in the blockchain realm,” Durov said in a Telegram post on Thursday. He noted that the project rebranded from TON to Toncoin. Unlike the original TON, the new project is independent of Telegram. “But I wish its team the same success. Coupled with the right go-to-market strategy, they …

Nonfungible token, or NFT, became such a tech buzzword in 2021 that even Collins Dictionary declared the abbreviation its word of the year and Google searches for NFTs spiked to record levels. Behind the term is a market that approaches $17 billion, according to Cointelegraph Research. And the NFT marketplace OpenSea is responsible for processing most of these transactions, with a trading volume that recently surpassed $10 billion. NFTs’ potential reaches far beyond art to include music, sports collectibles and video games, while its utility encompasses ownership as well as exclusive access to unique functions and features. From CryptoPunks and …

The price of the cheapest Bored Ape NFT for sale is now 53.9 Ether (ETH), or $215,067, while the minimum asking price for a CryptoPunk is 52.69 ETH, which is currently worth $210,239, according to OpenSea. All month long there has been speculation about the possibility of Bored Ape flipping CryptoPunks in terms of NFT floor price. Earlier this week, Cointelegraph did a deep dive into the potential factors that could affect the value of one collection over the other. Whether owners had a preference for intellectual property rights or over certain partnerships and collaborations, the driving force behind any …

When calculating the return of an NFT collection, most analysts calculate the average return. For example, the first CryptoKitties were sold in December 2017 for an average price of $3.24 each. On the first day, 105 CryptoKitties were created, and a total of $340.63 worth of Ether (ETH) was spent on those CryptoKitties by different collectors. That makes an average price of $3.24 per CryptoKitty. Currently, CryptoKitties are trading for an average price of $256.99. This equates to an average price of $256.99 per CryptoKitty and an average collection all-time return of over 7,800%. Out of CryptoKitties, CryptoPunks and Bored …

In its debut weekend, the first NFT from Adidas Originals’ "Into the Metaverse" project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. In collaboration with Bored Ape Yacht Club, PUNKS Comic, and gmoney, Adidas Originals co-created one digital asset and put up 30,000 copies of the same item for sale on Dec. 17. Almost 20,000 copies of the Phase 1 NFT have been sold so far. Related: Adidas Originals to launch debut NFT collection According to …

Overshadowing its glory in previous years, the crypto ecosystem managed to maintain a year-long spotlight throughout 2021. Key catalysts include mainstream adoption of Bitcoin (BTC), a meme coin frenzy driven by Shiba Inu (SHIB) and Dogecoin (DOGE), and proactive participation from popular celebrities and authority figures. The year 2021 witnessed a greater inflow of influencers and celebrities to the space than ever before. All the way from mainstream tech entrepreneurs and presidents to rappers and reality TV stars, celebrities have gotten involved in crypto in their own unique ways. While some chose to create their own versions of crypto ecosystems …

It is no secret that nonfungible tokens (NFTs) are still a niche subject. Despite their rapid surge in popularity during 2021, there is still a significant percentage of people who do not know what an NFT is. Reflecting on the graph below, it is evident that a lot of work needs to be done for NFTs to truly hit the mainstream. However, it is clear from recent months that there is potential for this to happen, and there have been many signs of awareness and adoption which I will discuss in this article. Celebrities Celebrities have been a key proponent …

Social media has overtaken the world as a place to share details about our personal lives, connect with distant friends and build entire communities about our interests and passions. While Facebook led the charge, YouTube followed shortly after as a medium to distribute video blogs, how-tos and other entertaining media. Unfortunately, what many fail to realize is the vast potential of money-making opportunities that exist on social media. When used correctly, social media can be lucrative, even providing some with a stable income. The difference is recognizing social media as more than a platform for connecting with people. Rather, it …

On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions. In other words, the design of the gold token bears similarity to gold standards, where fiat currencies are backed by their exchangeability to physical gold in addition to faith entrusted in governments that issue them. In 1971, U.S. President Richard Nixon took the dollar off the gold …

Nearly half of the world's population has no broadband internet access. The sad reality is most of this population is located in Africa. According to the United Nations (UN), Sustainable Development goals, providing universal access to the internet continues to increase in importance, allowing many to access life-enhancing online services in healthcare, education and other skills necessary to reduce poverty, ensure economic growth and foster inclusion on the global market. With so many brilliant minds in Africa, many believe that the right technology can help support their education and communication with the rest of the world. Part of the reason …